Capital Markets

Company Overview of Blackstone Alternative Asset Management L.P.

Company Overview

Blackstone Alternative Asset Management provides its services to pension and profit sharing plans; pooled investment vehicles; institutional investors, represented by corporate and public pension investors, and insurance, corporate, foundation, and endowment funds. It manages fund of funds that invests in hedge fund managers through several multi-manager programs. The firm also makes private equity investments. The firm invests in the public equity and hedging markets. It employs qualitative and quantitative analysis with a bottom-up approach to make its investments. Blackstone Alternative Asset Management was founded in 1990 and is based in New York, New York with additional offices in Lon...

Blackstone Alternative Asset Management provides its services to pension and profit sharing plans; pooled investment vehicles; institutional investors, represented by corporate and public pension investors, and insurance, corporate, foundation, and endowment funds. It manages fund of funds that invests in hedge fund managers through several multi-manager programs. The firm also makes private equity investments. The firm invests in the public equity and hedging markets. It employs qualitative and quantitative analysis with a bottom-up approach to make its investments. Blackstone Alternative Asset Management was founded in 1990 and is based in New York, New York with additional offices in London, United Kingdom and Hong Kong, China. Blackstone Alternative Asset Management operates as a subsidiary of The Blackstone Group.

Blackstone Alternative Asset Management L.P. Key Developments

Columbia Management, a division of Ameriprise Financial announced that it has signed a letter of intent with Blackstone Alternative Asset Management to research and develop investment solutions that leverage Columbia's' asset management capabilities and Blackstone's hedge fund business. Financial terms were not disclosed. The deal, Columbia has considerable experience in asset allocation and alternative investing, as well as expertise in equity and fixed income investment management.

Columbia Management announced that it has signed a Letter of Intent with Blackstone Alternative Asset Management to research and develop investment solutions that leverage Columbia's asset management capabilities and Blackstone's hedge fund solutions business.

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